AGC is 100% owner of the only advanced-stage graphite project in the contiguous United States and all requisite downstream secondary processing to manufacture AGC’s Si-CSPG is being conducted in the US. Although AGC’s proprietary, environmentally sustainable process to purify and produce battery-ready graphite is source-agnostic, the secondary process flowsheet has been optimized for Coosa Graphite Project material. AGC cautioned that is not yet in production and that there is no guarantee it will advance to full-scale production. If, following the completion of a feasibility study—which has not yet begun—AGC is able to advance the Coosa Graphite Project into production, the resulting graphite would be sourced from within the contiguous US and AGC might have a potential competitive advantage over other producers of value-added graphite materials sourced from other countries.